Agnivesh Agarwal is an Indian businessman and industrialist. Agnivesh is the son of the “Metal King” of India, Anil Agarwal.
Contents
Wiki/Biography
Agnivesh Agarwal holds a bachelor’s degree in business administration from the Sydhenam College, University of Mumbai.
Physical Appearance
Height (approx.): 5′ 10″
Weight (approx.): 100 kg
Hair Colour: Black
Eye Colour: Dark Brown
Family
Parents & Siblings
Agnivesh Agarwal’s father, Anil Agarwal is known as the Metal King of India. he is a businessman, philanthropist, and the founder and chairman of Vedanta Resources. His mother’s name is Kiran Agarwal, who is an author, poet and entrepreneur, and the founder of Woka Creations and Chairperson of Hindustan Zinc Limited. Agnivesh has a sister named Priya Agarwal Hebbar who is the co-founder and trustee of the Youth Organization in Defence of Animals, director of Vedanta Resources and an Electronic Music Producer.
Agnivesh Agarwal with his father Anil Agarwal
Priya Agarwal, sister of Agnivesh Agarwal
Kiran Agarwal, mother of Agnivesh Agarwal
Wife & Children
Agnivesh Agarwal is married to Puja Bangur, who is the daughter of Hari Mohan Bangur, Joint Managing Director of Shree Cements, Kolkata.
Career
Industrialist
Agnivesh Agarwal holds an active position in the subdivisions of and in the Vedanta Group (established by Agnivesh’s father, Anil Agarwal). Previously, he worked with the company Hindustan Zinc Limited of which he was Chairman before stepping down in 2019 and on the board of the company since 2005. Agnivesh is a part of the Board in other Vedanta subsidiaries such as the Sterlite Iron And Steel Company Limited, Indigrid 1 Limited, and Primex Healthcare And Research Private Limited. Agnivesh Agarwal has been the Director of Agarwal Galvanising Pvt Ltd since March 1996. Agnivesh has been the Director of Caitlyn India Private Limited since February 2015. Agnivesh has been the Chairman of Talwandi Sabo Power Limited since April 2019 and is also on the Board of Directors. He is also a part of Sterlite Energy Limited which is a subsidiary of Vedanta Resources, BALCO (Bharat Aluminium Company Ltd.) Medical Centre, and the Madras Aluminium Company Limited as a Whole Time Director. At Fujairah Gold FZC, a division of Vedanta Resources Limited, Agnivesh Agarwal serves as Chairman and Managing Director.
Controversies
Agnivesh Agarwal, Kolkata vs Additional Commissioner of Income Tax, 2017
In this case, Agnivesh Agarwal appealed against an order by the CIT(A) (Commissioner of Income Tax (Appeals)) dated 30 June 2014 for the Assessment Year 2009-10. The dispute centred around an additional income amount of Rs.2,40,000/- imposed by the Assessing Officer (AO). Agnivesh Agarwal’s appeal revolved around two main points. Firstly, he disagreed with the CIT(A)’s confirmation of the AO’s income addition, arguing its lack of proper reasoning and the lack of a show cause notice (A “show cause notice” is a formal request asking for an explanation on the reason for bringing about a legal matter). Secondly, he contended that the CIT(A) didn’t adequately consider his explanation and failed to grant him an opportunity to respond. Agarwal explained that the Assessing Officer’s income addition lacked a clear basis and that family members’ earnings should be factored in to cover his expenses. The CIT(A) rejected Agarwal’s arguments, siding with the Assessing Officer. However, upon review, the Tribunal found the Assessing Officer’s addition to be arbitrary and lacking proper justification. They also noted the CIT(A)’s insufficient consideration of Agarwal’s explanation and the absence of clear reasoning for the Assessing Officer’s sum of Rs.2,80,000/-. The Tribunal deemed Agarwal’s argument about using family income for expenses reasonable, and consequently, they ruled in Agarwal’s favour. The income addition was removed on August 31, 2017.
Facts/Trivia
- Agnivesh Agarwal is a wildlife and mountain trails enthusiast.
- In his spare time, Agnivesh does research and reads.
- Agnivesh likes to meditate and practice yoga as it gives him energy and helps with peace of mind.
Categories: Biography
Source: vcmp.edu.vn